News

Over the last few years, NRI has developed a world-class catastrophe claims process that provides confidence that people, society and businesses are protected in the extremely rare event of a major nuclear incident. Our claims solution is designed to align with the policyholders’ emergency response procedures to quickly compensate those with valid claims.

NRI enhanced its global partnerships in 2019 by signing a Memorandum of Understanding with the China Nuclear Insurance Pool to work together on joint projects in different areas of the business. We look forward to increased collaboration with the Chinese pool going forward.

NRI attended the 2019 Nuclear Pools Forum, an annual conference hosted by the Spanish Pool to enhance collaboration and knowledge sharing between global nuclear insurance pools. This year’s conference focused on how to help clients navigate the complexity of international transit liability and its international legal framework; insurance considerations for ageing plants; decommissioning; refurbishment and end-of-life extension; and end-of-life extension and nuclear liability. It also covered the topic of blockchain’s use in nuclear insurance.

In 2019, NRI led the first ever International Nuclear Survey in Japan to enable a better understanding of risk characterisation. As part of a global partnership with French pool Assuratome and German pool Deutsche Kernreaktor Versicherungsgemeinschaft, the survey included questions on topics such as third-party liability and machinery breakdown, which improved the quality of information available for insurers.

Congratulations to our partner Urenco on the opening of its Tails Management Facility (TMF) in Capenhurst, UK on 7^th June 2019. The TMF was built for Urenco’s responsible management of nuclear materials, and is a key element in its commitment to uranium stewardship and sustainable energy generation.